The mortality that actually occurs within a group of insureds of a given insurance company, in contrast to expected mortality. (See Expected Mortality.)
This entry was posted in . Bookmark the permalink.
The value of a book of business to an insurer, assuming that the business has been in force long enough to show true mortality rates. This value must be known by the insurer in order to make rates and also in order to sell the business. If assets share values do not grow properly, either the rates have been too low or expenses too high.